Property Overview
139 Normand Park Drive presents a unique value proposition within the Winnipeg market. Built in 1991, this home sits on a generous 6,314 sqft lot and offers 1,637 sqft of living space. Its most defining characteristic is its context: while its assessed value of $465k is notably below the averages for its immediate street and the broader Normand Park area, it ranks well above the city-wide average for both size and value. This creates an interesting dynamic—it’s a more modest offering in an established neighbourhood, which can be an appealing entry point.
The appeal lies in securing a solidly built, single-family home on a large lot in a mature area without the premium price tag of the neighbourhood's larger, more recently updated homes. It suits practical buyers looking for space and location over turn-key luxury, such as value-conscious families, those comfortable with a home that may require personalization, or long-term investors seeking a property with fundamental strengths in a stable area. A less obvious perspective is that its "below average" standing on its own street could represent a lower property tax burden compared to neighbours, while still providing the same community benefits.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The data indicates this home has a smaller living area and a lower assessed value than most direct neighbours. This typically reflects the home’s specific attributes, such as its size, condition, and features, compared to larger or more extensively renovated homes on the same block.
2. How does this property compare to the average Winnipeg home?
City-wide, this home is above average. Its living area, lot size, and assessed value all rank within the top 25-26% of comparable properties across Winnipeg, meaning it offers more space and a higher valuation than most of the market.
3. Is the 1991 build date a concern?
At 35 years old, the home is newer than the Winnipeg city average. On Normand Park Drive specifically, it’s one of the newer homes, ranking in the top 12%. While not new, this suggests major systems may be more recent than in many older city homes, but a thorough inspection is always recommended.
4. Can I get the exact sales history for this property?
The public listing data does not show sales history. As noted on the detail page, you can request exact historical figures by emailing the site administrators, who will manually look up and provide the information.
5. What is the neighbourhood like?
Normand Park is an established area with a mix of home sizes and values. This property is surrounded by homes with higher average assessments, indicating it is in a desirable location, albeit with one of the more modestly priced homes on the block.